Boothbay Fund Management LLC Has $3.95 Million Holdings in Delek US Holdings, Inc. (NYSE:DK)

Boothbay Fund Management LLC raised its stake in Delek US Holdings, Inc. (NYSE:DK) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 213,586 shares of the oil and gas company’s stock after buying an additional 1,921 shares during the period. Boothbay Fund Management LLC’s holdings in Delek US were worth $3,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its position in shares of Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 1,311 shares during the period. KBC Group NV lifted its holdings in Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 1,538 shares in the last quarter. ARS Investment Partners LLC acquired a new position in Delek US in the fourth quarter valued at about $185,000. Abel Hall LLC bought a new stake in shares of Delek US in the fourth quarter worth about $196,000. Finally, Diametric Capital LP acquired a new stake in shares of Delek US during the fourth quarter worth about $251,000. Institutional investors own 97.01% of the company’s stock.

Insider Activity

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 5,055 shares of company stock valued at $70,787 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler decreased their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company lowered their price objective on shares of Delek US from $16.00 to $11.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Raymond James reduced their target price on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Scotiabank cut their price target on Delek US from $24.00 to $14.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Delek US presently has an average rating of “Hold” and an average price target of $17.11.

Delek US Price Performance

Shares of DK opened at $13.10 on Friday. The company has a market cap of $818.92 million, a price-to-earnings ratio of -2.70 and a beta of 1.04. The company’s fifty day simple moving average is $14.57 and its 200 day simple moving average is $16.87. Delek US Holdings, Inc. has a 1-year low of $11.03 and a 1-year high of $29.49. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the firm earned ($1.46) EPS. Delek US’s quarterly revenue was down 39.8% compared to the same quarter last year. On average, research analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 7.79%. Delek US’s dividend payout ratio is currently -11.54%.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.